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The aftermath of the global financial crisis of 2007 - 2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies...
Persistent link: https://www.econbiz.de/10008907795
fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their … sustainability risk for emerging Asian economies - such as large-scale subsidies, infrastructure investment requirements, aging and … sovereign debt. The second objective is to recommend policies to reduce these risks to sustainability, including improving the …
Persistent link: https://www.econbiz.de/10009782133
The sustainable management of coastal zones requires appropriate tools within the framework of the Blue Economy. This paper adopts a supply/coastal zone perspective to investigate key issues and aspects related to the implementation of coastal tourism initiatives. The main research question is:...
Persistent link: https://www.econbiz.de/10012289919
sustainability based on the optimal fiscal policy rule provided in this paper, both sides of the Japanese government budget …
Persistent link: https://www.econbiz.de/10011283728
of an infrastructure construction project to ensure the financial sustainability of such a project and then to safeguard … the national macrofinancial sustainability is a significant task for the PRC in strengthening the risk management of …
Persistent link: https://www.econbiz.de/10012239709
This study examines the determinants of blue economy activities, namely tourism and fisheries, in 21 Asia and Pacific … positively depends on the gross fixed capital formation and access to electricity in Asia and Pacific island countries. We find … support the need for, and effectiveness of, the implementation of sustainable ocean governance policies in the Asia and …
Persistent link: https://www.econbiz.de/10012253852
Public pension burdens in most emerging Asian economies are still relatively small. However, there are a number of reasons to believe that they will increase markedly in the coming years. First, many Asian economies will face rapidly aging populations, which will raise pension and other...
Persistent link: https://www.econbiz.de/10011659823
Under the 2016 first nationally determined commitments, the Indonesian government announced emission reduction targets of 29% and 41% by 2030 without and with international assistance, respectively. Germany, Japan, and the United States (US) are three key players among the Organisation for...
Persistent link: https://www.econbiz.de/10011936140
This paper studies how population aging affects macroeconomic performance and the effectiveness of macroeconomic policies. By using a new Keynesian dynamic stochastic general equilibrium model with heterogeneous households, we find that the effectiveness of monetary policy diminishes as...
Persistent link: https://www.econbiz.de/10012137066
monetary policies raises a crucial question about public debt and fiscal sustainability challenges. Hence, this study aims to … and inclusive economic growth and to support fiscal sustainability. …
Persistent link: https://www.econbiz.de/10013546160